As per the sources, Gas Authority of India Limited (GAIL) will declare force majeure to ensure gas supply to priority sectors, as India navigates energy challenges stemming from the escalating West Asia conflict.
This move comes amid escalating tensions in West Asia and after its energy infrastructure was targeted, including the Strait of Hormuz, a critical oil shipping route, which is currently under threat.
Qatar's Minister of Energy and President and CEO Qatar Energy, Saad Sherida Al-Kaabi, said his country is committed to supporting and serving India as the latter is ambitiously pushing for diversifying its energy mix.
A long-term contract for LNG Sale and Purchase Agreement was signed on Tuesday between India's state-run oil and gas company 'Petronet LNG' and Qatar's 'Qatar Energy'.